Summary
The Indonesian construction industry's output in 2020 declined by 2% in real terms due to the Large-Scale Social Restrictions policy imposed by the government to control the COVID-19 outbreak. The industry has been affected by the delays in project implementation and the reallocation of part of the government's budget towards its fight against COVID-19. According to the Badan Pusat Statistik (Statistics Indonesia), the country's value-add declined by 4.5% year on year (YoY) in real terms in the third quarter of 2020, following a decline of 5.4% in the second quarter and growth of 2.9% in the first quarter.
However, the industry is expected to recover in 2021, by registering growth of 7.1%, assuming operations return to a normal level. Following the rebound in 2021, GlobalData expects the Indonesian construction industry to stabilize, and grow at an annual average rate of 5.2% between 2022 and 2025, supported by investments on the development of the country's overall infrastructure. Under the National Medium-Term Development Plan (2020-2024 RPJMN), the government plans to invest IDR6 quadrillion (US$412 billion) on the development of transport, industrial, energy and housing infrastructure projects by 2024. In November 2020, the government announced that it will provide IDR42.38 trillion (US$2.6 billion) for state-owned enterprises (SOEs) in 2021, to help boost their role in supporting country's economic recovery by creating more jobs and conducting business activities. Also, an investment of IDR65.2 trillion (US$4 billion) from the Japan Bank for International Cooperation (JBIC) towards Indonesia's Sovereign Wealth Fund (SWF) will help the country's recovery in 2021.
This report provides detailed market analysis, information, and insights into the Indonesian construction industry, including -
- The Indonesian construction industry's growth prospects by market, project type and construction activity
- Critical insight into the impact of industry trends and issues, as well as an analysis of key risks and opportunities in the Indonesian construction industry
- Analysis of the mega-project pipeline, focusing on development stages and participants, in addition to listings of major projects in the pipeline.
Scope
This report provides a comprehensive analysis of the construction industry in Indonesia. It provides -
- Historical (2016-2020) and forecast (2021-2025) valuations of the construction industry in Indonesia, featuring details of key growth drivers.
- Segmentation by sector (commercial, industrial, infrastructure, energy and utilities, institutional and residential) and by sub-sector
- Analysis of the mega-project pipeline, including breakdowns by development stage across all sectors, and projected spending on projects in the existing pipeline.
- Listings of major projects, in addition to details of leading contractors and consultants
Reasons to Buy
- Identify and evaluate market opportunities using GlobalData's standardized valuation and forecasting methodologies.
- Assess market growth potential at a micro-level with over 600 time-series data forecasts.
- Understand the latest industry and market trends.
- Formulate and validate strategy using GlobalData's critical and actionable insight.
- Assess business risks, including cost, regulatory and competitive pressures.
- Evaluate competitive risk and success factors.
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Table of Contents
1 Executive Summary
2 Construction Industry: At-a-Glance
3 Context
3.1 Economic Performance
3.2 Political Environment and Policy
3.3 Demographics
3.4 COVID-19 Status
4 Construction Outlook
4.1 All Construction
4.2 Commercial Construction
4.3 Industrial Construction
4.4 Infrastructure Construction
4.5 Energy and Utilities Construction
4.6 Institutional Construction
4.7 Residential Construction
5 Key Industry Participants
5.1 Contractors
5.2 Consultants
6 Construction Market Data
7 Appendix
7.1 What is this Report About?
7.2 Definitions
7.3 GlobalData Construction
List of Tables
Table 1: Construction Industry Key Data
Table 2: Indonesia, Key Economic Indicators
Table 3: Indonesia, Commercial Construction Output by Project Type (real % change), 2016-2025
Table 4: Indonesia, Top Commercial Construction Projects by Value
Table 5: Indonesia, Industrial Construction Output by Project Type (real % change), 2016-2025
Table 6: Indonesia, Top Industrial Construction Projects by Value
Table 7: Indonesia, Infrastructure Construction Output by Project Type (real % change), 2016-2025
Table 8: Indonesia, Top Infrastructure Construction Projects by Value
Table 9: Indonesia, Energy and Utilities Construction Output by Project Type (real % change), 2016-2025
Table 10: Indonesia, Top Energy and Utilities Construction Projects by Value
Table 11: Indonesia, Institutional Construction Output by Project Type (real % change), 2016-2025
Table 12: Indonesia, Top Institutional Construction Projects by Value
Table 13: Indonesia, Residential Construction Output by Project Type (real % change), 2016-2025
Table 14: Indonesia, Top Residential Construction Projects by Value
Table 15: Indonesia, Key Contractors
Table 16: Indonesia, Key Consultants
Table 17: Indonesia, Construction Output Value (Real, US$ Million)
Table 18: Indonesia, Construction Output Value (Nominal, IDR trillion)
Table 19: GlobalData Construction Market Definitions
List of Figures
Figure 1: South and South-East Asia, Construction Output (real % change), 2020 and 2021
Figure 2: Indonesia, Construction Projects Pipeline by Sector (US$ Billion)
Figure 3: Indonesia, COVID-19 Confirmed Cases
Figure 4: Indonesia, Construction Output Value (Real, US$ billion, 2017 prices and exchange rate), 2016-2025
Figure 5: Indonesia, Construction Output Value, by Sector (Real, US$ Million), 2016-2025
Figure 6: Indonesia, Construction Value-Add (2010 constant prices), IDR Trillion
Figure 7: Indonesia, Construction Projects Momentum Index
Figure 8: Indonesia, Commercial Construction Output by Project Type (Real, US$ Million), 2016-2025
Figure 9: Indonesia, Commercial Construction Projects Pipeline, Value by Stage (US$ Million)
Figure 10: Indonesia, number of foreign tourist visits (in thousands)
Figure 11: Indonesia, Accommodation and food service activities Value-Add (IDR Trillion, 2010 constant prices)
Figure 12: Indonesia, Hotel property demand and price indices (% change y-o-y)
Figure 13: Indonesia, Real retail sales index (2010=100)
Figure 14: Indonesia, Industrial Construction Output by Project Type (Real, US$ Million), 2016-2025
Figure 15: Indonesia, Industrial Construction Projects Pipeline, Value by Stage (US$ Million)
Figure 16: Indonesia, Manufacturing Value-Add (IDR Trillion, 2010 constant prices)
Figure 17: Indonesia, Bank Indonesia Prompt Manufacturing Index (PMI-BI)
Figure 18: Indonesia, Total export value (US$ billion)
Figure 19: Indonesia, Infrastructure Construction Output by Project Type (Real, US$ Million), 2016-2025
Figure 20: Indonesia, Infrastructure Construction Projects Pipeline, Value by Stage (US$ Million)
Figure 21: Indonesia, Energy and Utilities Construction Output by Project Type (Real, US$ Million), 2016-2025
Figure 22: Indonesia, Energy and Utilities Construction Projects Pipeline, Value by Stage (US$ Million)
Figure 23: Indonesia, Institutional Construction Output by Project Type (Real, US$ Million), 2016-2025
Figure 24: Indonesia, Institutional Construction Projects Pipeline, Value by Stage (US$ Million)
Figure 25: Indonesia, Residential Construction Output by Project Type (Real, US$ Million), 2016-2025
Figure 26: Indonesia, Residential Construction Projects Pipeline, Value by Stage (US$ Million)
Figure 27: Indonesia, Real estate value-add (IDR Trillion, 2010 constant prices)
Figure 28: Indonesia, Residential Property prices (% change y-o-y)
Figure 29: Indonesia, Headquarters of Key Contractors (% of Total Project Pipeline)
Figure 30: Indonesia, Headquarters of Key Consultants (% of Total Project Pipeline)
